MAN 4720 Final Exam 2025/2026 Exam
Questions and Answers | A+ Score
Assured
Strategic Management - 🧠 ANSWER ✔✔the ongoing process companies
use to form a vision, analyze their external environment and their internal
organization, and select one or more strategies to use to create value for
customers and other stakeholders, especially shareholders
Vision - 🧠 ANSWER ✔✔contains at least two components - a mission that
describes the firm's DNA and the "picture" of the firm, as it hopes to exist in
a future time period
,Strategy - 🧠 ANSWER ✔✔an action plan designed to move an organization
toward achievement of its vision
Mission - 🧠 ANSWER ✔✔Defines the firm's core intent and the business or
businesses in which intends to compete
External Environment - 🧠 ANSWER ✔✔a set of conditions outside the firm
that affect the firms performance
Internal Organization - 🧠 ANSWER ✔✔the set of conditions (such as
strengths, resources, capabilities, and so forth) inside the firm that affect
the choice and use of strategies
Strengths - 🧠 ANSWER ✔✔resources and capabilties that allow the firm to
complete important tasks
resources - 🧠 ANSWER ✔✔the tangible and intangible assets held by the
firm
capabilities - 🧠 ANSWER ✔✔result when the firm integrates several
different resources in a way that allows it to effectively and efficiently
complete a task or a series of related tasks
, core competencies - 🧠 ANSWER ✔✔capabilities the firm emphasizes and
performs especially well while pursuing its vision
distinctive competencies - 🧠 ANSWER ✔✔core competencies that differ
from those held by competitors
competitive advantage - 🧠 ANSWER ✔✔exists when a firm's core
competencies or its distinctive competencies allow it to create value for
customers exceeding the value competitors create for them
strategy implementation - 🧠 ANSWER ✔✔the set of actions a firm takes to
use a strategy after it has been selected
Opportunities - 🧠 ANSWER ✔✔conditions in the firms external environment
that may help the firm reach its vision
threats - 🧠 ANSWER ✔✔conditions in the firms external environment that
may prevent the firm from reaching its vision
stakeholders - 🧠 ANSWER ✔✔individuals and groups who have an interest
in a firms performance and the ability to influence its actions
strategic leaders - 🧠 ANSWER ✔✔the individuals practicing strategic
leadership
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Questions and Answers | A+ Score
Assured
Strategic Management - 🧠 ANSWER ✔✔the ongoing process companies
use to form a vision, analyze their external environment and their internal
organization, and select one or more strategies to use to create value for
customers and other stakeholders, especially shareholders
Vision - 🧠 ANSWER ✔✔contains at least two components - a mission that
describes the firm's DNA and the "picture" of the firm, as it hopes to exist in
a future time period
,Strategy - 🧠 ANSWER ✔✔an action plan designed to move an organization
toward achievement of its vision
Mission - 🧠 ANSWER ✔✔Defines the firm's core intent and the business or
businesses in which intends to compete
External Environment - 🧠 ANSWER ✔✔a set of conditions outside the firm
that affect the firms performance
Internal Organization - 🧠 ANSWER ✔✔the set of conditions (such as
strengths, resources, capabilities, and so forth) inside the firm that affect
the choice and use of strategies
Strengths - 🧠 ANSWER ✔✔resources and capabilties that allow the firm to
complete important tasks
resources - 🧠 ANSWER ✔✔the tangible and intangible assets held by the
firm
capabilities - 🧠 ANSWER ✔✔result when the firm integrates several
different resources in a way that allows it to effectively and efficiently
complete a task or a series of related tasks
, core competencies - 🧠 ANSWER ✔✔capabilities the firm emphasizes and
performs especially well while pursuing its vision
distinctive competencies - 🧠 ANSWER ✔✔core competencies that differ
from those held by competitors
competitive advantage - 🧠 ANSWER ✔✔exists when a firm's core
competencies or its distinctive competencies allow it to create value for
customers exceeding the value competitors create for them
strategy implementation - 🧠 ANSWER ✔✔the set of actions a firm takes to
use a strategy after it has been selected
Opportunities - 🧠 ANSWER ✔✔conditions in the firms external environment
that may help the firm reach its vision
threats - 🧠 ANSWER ✔✔conditions in the firms external environment that
may prevent the firm from reaching its vision
stakeholders - 🧠 ANSWER ✔✔individuals and groups who have an interest
in a firms performance and the ability to influence its actions
strategic leaders - 🧠 ANSWER ✔✔the individuals practicing strategic
leadership
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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